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please answer those questions Question 2 {5 points) A2. Consider the following statement: A rm uses labour and capital to produce output according to a

please answer those questions

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Question 2 {5 points) A2. Consider the following statement: \"A rm uses labour and capital to produce output according to a Coho-Douglas technology. A decrease in the wage rate will lead the rm to use more labour and less capital and to produce the given output at a lower cost.\" Explain and illustrate whether this statement is true. false or uncertain. Add a File Record Audio Record Video Question 3 {5 points] A3. A monopolist faces a market demand function given lav P = 3 Q. Assume you know nothing about the cost structure of the rm. Would the monopolist ever choose to sell 5 units of output? Can you even determine the answer? Explain. Add a File Record Audio Record Video

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